Putting an End to the Extreme
Extreme poverty can be defined as average daily consumption of $1.25 or less and mean living on the edge of subsistence < www.data.worldbank.org> . Twenty years ago extreme poverty had been at its highest effecting many all over the globe. Extreme poverty was also at its highest with 47 percent of the world living on less than a dollar twenty-five a day. Since then there has been a steady decline in extreme poverty rates whereas now there is only 22 percent of the world living on less than $1.25 a day. Due to efforts put forth by our government there has seem to be a steady decline in poverty rates over the last 20 years.
According to the world bank there is an estimated 1.6 billion people living in extreme poverty …show more content…
When putting an end to extreme poverty there has been distinct paths; the low-case, ‘pessimistic’ trajectory entails that developing world outside of China regressed back to the slow progress of the 80’s and 90’s. This path would cause for there to be another 50 years or more to lift the billions of people living in extreme poverty. In contrast the ‘optimistic path’ would be used to maintain the higher growth rates for the developing world as a whole seen since 2000 without rise in overall inequality. If that were to be achieved then we can be confident about lifting that one billion that are in poverty out by the year 2030 < www.weforum.org >. The challenges with assuring the second path is followed is the list of threats one can identify to reaching that goal, inequality has stood out as our major concern today. Rise in numbers for inequality mean growth largely by-passes those less fortunate. This has been a result in some countries of the wealthy world, including the US. The fall of inequality happens just as often as it rises in the growing and developing countries, even though extreme poverty measures tend to fall with growth. Those countries with high inequality rates seem to have a harder time lowering poverty, they would normally need higher growth rates the low-inequality countries to reach the same pace of progress against poverty, but their high inequality makes it harder to obtain growth. These are the major challenges faced when it comes to putting an end to extreme poverty in many countries including the
Extreme poverty can be defined as average daily consumption of $1.25 or less and mean living on the edge of subsistence < www.data.worldbank.org> . Twenty years ago extreme poverty had been at its highest effecting many all over the globe. Extreme poverty was also at its highest with 47 percent of the world living on less than a dollar twenty-five a day. Since then there has been a steady decline in extreme poverty rates whereas now there is only 22 percent of the world living on less than $1.25 a day. Due to efforts put forth by our government there has seem to be a steady decline in poverty rates over the last 20 years.
According to the world bank there is an estimated 1.6 billion people living in extreme poverty …show more content…
When putting an end to extreme poverty there has been distinct paths; the low-case, ‘pessimistic’ trajectory entails that developing world outside of China regressed back to the slow progress of the 80’s and 90’s. This path would cause for there to be another 50 years or more to lift the billions of people living in extreme poverty. In contrast the ‘optimistic path’ would be used to maintain the higher growth rates for the developing world as a whole seen since 2000 without rise in overall inequality. If that were to be achieved then we can be confident about lifting that one billion that are in poverty out by the year 2030 < www.weforum.org >. The challenges with assuring the second path is followed is the list of threats one can identify to reaching that goal, inequality has stood out as our major concern today. Rise in numbers for inequality mean growth largely by-passes those less fortunate. This has been a result in some countries of the wealthy world, including the US. The fall of inequality happens just as often as it rises in the growing and developing countries, even though extreme poverty measures tend to fall with growth. Those countries with high inequality rates seem to have a harder time lowering poverty, they would normally need higher growth rates the low-inequality countries to reach the same pace of progress against poverty, but their high inequality makes it harder to obtain growth. These are the major challenges faced when it comes to putting an end to extreme poverty in many countries including the